Part 4: Analyze the Impact of Investment in Education and Technology on Your Business
Plan to Increase Productivity
Although production of Minhiriath Clarinets has yet to begin, I have a plan of action that will aid the factory use the resources provided in the most efficient manner possible. By investing in technology and training my workers, I can increase my production because the technology that I invest in will aid in the production of the clarinets (something that without which, clarinet production would be near impossible), and the training that I give my workers will make them much better at the creation of clarinets.
An Investment in Technology
If my factory fails to invest in technology, then productivity will drop dramatically. The primary piece of a clarinet is the wooden shaft, upon which sits all of the keys. To create these shafts, technology will be needed to cut the raw timber into poles, and drills will be needed to bore cylindrical holes to create the clarinet shafts. Conveyor belts will be needed to expediently transport the shafts from cutting to drilling, and on to staining. From staining, the clarinet will continue to the workers, where the silver keys (which are created with a large molding machine) are applied to the shaft.
An Investment in Education
Without the proper training, the workers hired for my factory would have no idea how to create a clarinet. Workers will be trained how to stain the wooden shafts in the traditional black stain. Additionally, workers will be trained how to remove the silver keys from the molding machine, and how to apply them to the finished shafts. More workers will take the finished clarinets and clean them, and a final set of workers will safely store them in their cases, and prepare them to be shipped. Workers will be trained with on-site training programs that prepare them for the work ahead. With specialized labor forces, clarinets can be produced quickly. Additionally, the factory will be split into two segments - one that produces the Bb Soprano Clarinet, and the other, which produces the Eb Soprano Clarinet.
The Cost of Investment
Although the investment into both education and technology makes the factory more productive, the scarcity of time prevents the perpetual production and training of workers. Additionally, the training and investment in technology costs money, and therefore takes away from our overall profits; however, if the workers are successful enough, then they will produce more than it cost to have them trained.
Part 4: Analyze the Impact of Investment in Education and Technology on Your Business
Plan to Increase Productivity
Although production of Minhiriath Clarinets has yet to begin, I have a plan of action that will aid the factory use the resources provided in the most efficient manner possible. By investing in technology and training my workers, I can increase my production because the technology that I invest in will aid in the production of the clarinets (something that without which, clarinet production would be near impossible), and the training that I give my workers will make them much better at the creation of clarinets.An Investment in Technology
If my factory fails to invest in technology, then productivity will drop dramatically. The primary piece of a clarinet is the wooden shaft, upon which sits all of the keys. To create these shafts, technology will be needed to cut the raw timber into poles, and drills will be needed to bore cylindrical holes to create the clarinet shafts. Conveyor belts will be needed to expediently transport the shafts from cutting to drilling, and on to staining. From staining, the clarinet will continue to the workers, where the silver keys (which are created with a large molding machine) are applied to the shaft.An Investment in Education
Without the proper training, the workers hired for my factory would have no idea how to create a clarinet. Workers will be trained how to stain the wooden shafts in the traditional black stain. Additionally, workers will be trained how to remove the silver keys from the molding machine, and how to apply them to the finished shafts. More workers will take the finished clarinets and clean them, and a final set of workers will safely store them in their cases, and prepare them to be shipped. Workers will be trained with on-site training programs that prepare them for the work ahead. With specialized labor forces, clarinets can be produced quickly. Additionally, the factory will be split into two segments - one that produces the Bb Soprano Clarinet, and the other, which produces the Eb Soprano Clarinet.The Cost of Investment
Although the investment into both education and technology makes the factory more productive, the scarcity of time prevents the perpetual production and training of workers. Additionally, the training and investment in technology costs money, and therefore takes away from our overall profits; however, if the workers are successful enough, then they will produce more than it cost to have them trained.